Hello
I have some questions related to PF:
1) Co already contributing employer share on Rs 6500 & above. Can they limit their contribution to Rs 6500?
2) In pt No 01 can the company totally stop paying contribution since the employees are anyway above Rs 6500?
3) If Company is paying as per Pt no 1 for all old employees, can it exclude new employees (drawing above Rs 6500) from liability.
4) If answer to Pt 1,2,3 is YES then what formalities should be done to ensure compliance?
Would appreciate a point by point reply for bringing in clarity
I have some questions related to PF:
1) Co already contributing employer share on Rs 6500 & above. Can they limit their contribution to Rs 6500?
2) In pt No 01 can the company totally stop paying contribution since the employees are anyway above Rs 6500?
3) If Company is paying as per Pt no 1 for all old employees, can it exclude new employees (drawing above Rs 6500) from liability.
4) If answer to Pt 1,2,3 is YES then what formalities should be done to ensure compliance?
Would appreciate a point by point reply for bringing in clarity